Reset Your Password

CENTURY 21 Executives Realty Ltd. - Blog

Understanding the Value of a Realtor
BY KAREN SALMON
Real Estate Agent with Royal LePage Benchmark
June 28, 2015 09:31 AM
Whether you are shopping for a home or looking to sell your current home, you will need to consider all of your options. You can work with a REALTOR, or you can attempt to navigate the process on your own. Some people believe that a REALTOR is simply an overpaid ...

Year to Date sales in the first 5 months of 2015 in the Central Okanagan were up 12.6% over the same period last year. Inventory continues to creep down which will always puts upward pressure on prices. The YTD average Median Sale price from January to May rose from $449,000 in 2014 to $466,000 in 2015. The North Okanagan has a similar story but a little behind the Central Okanagan. Year to Date sales ...

How long did it take to sell a home in the North Okanagan in the May 2015? Well according to the statistics, it only took on average 71 days to sell a property of this kind! That is dramatically lower that May of 2011 when it took an average of 108 days to sell a residential home in the North Okanagan, of which Vernon is a part.
Here is a breakdown of the stats:
May ...

If I gave you a job where you made 1 cent the first day, 2 cents the second day, 4 cents the third day, 8 cents the 4th day etc. doubling for 30 days would you take the job? If not you would lose out on $5,368,709.12. That is the best illustration of the principle of compounding I know of. Here is another one. When you make your first payment on your mortgage almost your entire payment is ...

It took awhile for me to figure out that Real Estate is not get risk quick. If I gave you a job where you made 1 cent the first day, 2 cents the second day, 4 cents the third day, 8 cents the 4th day etc. doubling for 30 days would you take the job? If not you would lose out on $5,368,709.12. That is the best illustration of the principle of compounding I know of. Here is another one. When you make ...

If I gave you a job where you made 1 cent the first day, 2 cents the second day, 4 cents the third day, 8 cents the 4th day etc. doubling for 30 days would you take the job? If not you would lose out on $5,368,709.12. That is the best illustration of the principle of compounding I know of. Here is another one. When you make your first payment on your mortgage almost your entire payment is ...

GST is one of the most controversial subjects in our business. Many times buyers and sellers come to Realtors and ask if GST is applicable and if so who pays it and how much is it. Our governing body the Real Estate Council of British Columbia prohibits us from giving advice on GST because it is so controversial. Sometimes we call Canada Revenue Agency for an answer and they say, "That ...

Year to Date sales in the first 5 months of 2015 in the Central Okanagan were up 12.6% over the same period last year. Inventory continues to creep down which will always puts upward pressure on prices. The YTD average Median Sale price from January to May rose from $449,000 in 2014 to $466,000 in 2015. The North Okanagan has a similar story but a little behind the Central Okanagan. Year to Date sales ...

Always remember that, for the most part, quoted real estate statistics are NEVER local. When figures are quoted for BC, they really mean Vancouver. When figures are quoted for Canada, they really mean Toronto and Vancouver, for the most part. The Okanagan is a VERY local market, different than anywhere else in BC, or Canada for that matter.
Please take that into ...

Century 21 Canada Limited Partnership currently has franchise opportunities available in select markets across Canada. The intent of this communication is for informational purposes only and is not intended to be a solicitation to anyone under contract with another real estate brokerage organization. CENTURY 21® is a registered trademark owned by Century 21 Real Estate LLC, used under license.
Each office is independently owned and operated. ®(™) Registered trademarks of Century 21 Real Estate LLC used under license.

The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.